Apple Inc (AAPL) Starts Crashing Hard, Can Go Lower!

Apple Inc ( AAPL ) the biggest read candlestick in a while to break below EMA10. Multiple signals are telling that this isn't the end... AAPL can go lower, let's take a look.

  • We have increasing red volume .
  • We are looking at a MACD that is trending lower.
  • The RSI moved below 50 (at 47.19 right now) and is clearly looking down.

EMA50 (202.60) worked as support and held Apple's drop... Normally we see a bounce here before additional bearish action. I am getting the feeling that there won't be any bounce, it will be pure blood on Monday... But this is just a guess.

If EMA50 can't hold (breaks), then expect for AAPL to move even lower and test 198.01 or EMA100.

How far low can it go?
For starter, I believe it can easily test EMA300 at 189. 40 . Depending on how things develop, a bounce can happen here or it can continue going lower.

My guess, you ask?
Apple Inc . will have a really hard time and can continue much lower. It might test the last low (blue dashed line).

  • Magenta lines = resistance.
  • Blue lines = support.

Thanks a lot for reading.

Share your thoughts in the comments section below.


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